Business Context and Reporting Period
This Form 6-K filing by Jayud Global Logistics Limited covers the month of June 2025. The report primarily addresses a change in the Company's independent registered public accounting firm, effective June 30, 2025.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of auditor changes and does not contain financial statement data.
Material Changes
- Auditor Dismissal: Marcum Asia CPAs LLP was dismissed as the independent registered public accounting firm.
- Auditor Appointment: Enrome LLP was appointed as the new auditor for the financial year ending December 31, 2025.
- Approval: The change was approved by the Audit Committee and the Board of Directors on June 30, 2025.
Outlook, Risks, and Contingencies
Auditor Opinions and Disagreements: The reports of the former auditor for the fiscal years ended December 31, 2024, and 2023, contained no adverse, qualified, or modified opinions. There were no disagreements regarding accounting principles, practices, or auditing scope.
Material Weaknesses in Internal Controls: The filing reiterates previously disclosed material weaknesses in internal control over financial reporting (disclosed in the 20-F filing on April 22, 2025), including:
- Lack of formal internal control policies and independent supervision functions for risk assessment.
- Insufficient accounting staff and resources with appropriate knowledge of U.S. GAAP and SEC requirements.
- Information technology general control deficiencies in areas such as risk assessment, vendor management, system change management, backup/recovery, access controls, segregation of duties, password management, and cybersecurity.
Consultations: No consultations occurred with the new auditor regarding accounting principles or matters of disagreement prior to their appointment.
Key Facts for Investor Verification
- Verify the transition timeline and initial assessment plans of the new auditor, Enrome LLP.
- Review the Company's remediation progress regarding the previously disclosed material weaknesses in internal controls.
- Confirm the content of the letter from the former auditor (Marcum Asia CPAs LLP) filed as Exhibit 99.1 to ensure no undisclosed disagreements exist.
- Monitor upcoming filings for the first financial statements audited by the new firm.